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For the day ahead

Litecoin would need to move through the $133 pivot to bring the first major resistance level at $139 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $135 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $140.43 would likely cap any upside.

In the event of another extended breakout, Litecoin could test resistance at $150. The second major resistance level sits at $146.

Failure to move through the $133 pivot would bring the first major support level at $125 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$120 levels. The second major support level at $120 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $125

Pivot Level: $133

First Major Resistance Level: $139

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rose by 3.06% on Monday. Reversing a 0.48% loss from Sunday, Ripple’s XRP ended the day at $0.62558.

Bullish from the start of the day, Ripple’s XRP rallied from an early morning intraday low $0.60700 to late intraday high $0.67855.

Ripple’s XRP broke through the day’s major resistance levels before a late pullback to sub-$0.62 levels.

The late pullback saw Ripple’s XRP fall back through the third major resistance level at $0.6453 and the second major resistance level at $0.6244.

Late in the day, however, Ripple’s XRP broke back through the second major resistance level to end the day at $0.625 levels.

At the time of writing, Ripple’s XRP was down by 0.72% to $0.62105. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.62389 before falling to a low $0.62105.

Ripple’s XRP left the major support and resistance levels untested early on.

(Excerpt) Read more Here | 2021-07-26 18:18:43


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